Bitcoin continues to decline?

[Distinctin]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

I'm still strong for believing that it couldn't be badly going down below $3k. But if it will continue to drop, we couldn't do anything is to stay calm and not taking a move that would boost for it declining situation( panic selling). 
We need to be in faith and think positive for its future,  otherwise will just helping it to get worsen.

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[BrewMaster]

there is no way in hell that bitcoin continues to decline.

however there is a pretty good chance that we see another attempt by the whales to pull the market lower and break a new low support line and set a new record for this round before they let the jump up to take place.

for the time being you should get comfortable seeing $3k-$4k range for some more time and either accumulate or be greedy and risk missing out.

[ZDPGI]

By the looks of it, yes. However, we can never tell what is ahead of Bitcoin. Right now, it might seem to continue to fall down but we'll never know when it will rise up again, and by that time comes, all negative Bitcoiners out there will come running back to it again

[wierzka]

I don't think it will decline...as least I hope so. I hope for now it'll remind and then go up

[qiman]

At the moment due to the Chinese Lunar New Year Celebrations coming up, many of the Asians are selling right now so they can have much disposable income available to spend on themselves and their families at this time of the year. We also just had Christmas and New year as well. Along with a one long year so far of bear market, this has caused too much pressure on Bitcoin and it's price, along with the rest of the CMC. For this year we will only see some minor pumping and dumping of Bitcoin and Alts and if one is lucky to pick a low cap coin that might do the multipliers, then you might make big money this year. i think though after Bitcoin halving or towards this event, we might see an intrinsic rise in the price of Bitcoin and the altcoin markets once more.

[entebah]

Yes indeed the current Bitcoin price continues to decline little by little, but I think this decline is a result of the many needs that hit the traders, so they want to exchange Bitcoin with USD, so prices decline. But this is good news for buying Bitcoin, because of low prices.

[allthingsluxury]

It very well might, but what I hope, is that Bitcoin users will move back to what it once was, a thriving economy based currency.

[pawanjain]

There have been similar crashes in the history of bitcoin and I must say that the drop in % is still better than the previous ones.
The biggest drop was in 2011 when the price of bitcoin dropped down by 93% . People though it was the end but you can see now where the price is.
Even after that bitcoin has faced crashes just to recover and bounce back harder each time. I hope the same thing will happen this time, we just don't know when.
Find below the screenshot of the crashes happened in the past.

Reference : https://coincodex.com/article/2703/top-5-largest-bitcoin-crashes-in-history/

[normanz]

You will find it difficult to predict the market, it can be further down or moving forward, with these bad conditions don't expect too much in the near term, because recovery will take a long time.

[Dewi Aries]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

Easy to understand, maybe keep holding and if you still afraid, don't buy it until you really think it is on dip. It really can help than we force ourself to do trading without any preparation in this bear market.

[Oceat]

Bitcoin is really unstoppable of going bottom and it is expected already by many speculators since there is no sign of bull run it will continue to find more bottom in the future. Better to hold our coins during this difficult time since the bullish market in 2017 reached new ATH it seems like it is now taking their turn.

[romero121]

Bitcoin is really unstoppable of going bottom and it is expected already by many speculators since there is no sign of bull run it will continue to find more bottom in the future. Better to hold our coins during this difficult time since the bullish market in 2017 reached new ATH it seems like it is now taking their turn.

As in the quote bitcoin is really unstoppable, when it goes forward as well towards the decline. Also these price fluctuations were taking place without any external sources. At times to manipulate the market large volume holders used to create statements relative to etf approval and so on, and now scenario has changed as people have gained good knowledge about the market.

[superstarbtc]

once we see below 3000 dollars prices thereafter we can see bitcoin growth straight away to 4000 dollars to 6000 dollars market is in consolidation at 3000 dollars

[aris av]

Simply put, we must be patient, the market may get worse at a lower price, but still try to stay calm because it does not rule out the market will recover.

[Kopyleft]

There is no singular support on which the daily price rests,  and one would need an understanding of the various price factors to know what most affects the price and the direction it's most likely to take.
Cost of mining is important, amd determines how high the value can rise at a given time.

[harizen]

Do you think bitcoin will continue to fall to prices below $ 3000? I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

Why looking for an immediate sign of "good direction"? History of reaching the last ATH to what it is by now will just repeat if the same hype will happen today. Let the bearish trend dominated the whole so we can determined the so-called "right price" without a hype.

Why not just go with the flow and just do whatever things that can give advantage to you since nothing we can do about the current price trend. Reaching below $3,000 or what is always possible as we speak. Even how good the resistance to withstand the below $3,000 mark attempt we can't just speculate that it will really happen.

Please give opinions that are simple but easy to understand. Thank you!

We are in Speculation section, expect all speculative statements here as "speculation".

[raden1922]

Do you think bitcoin will continue to fall to prices below $ 3000?

I don't want to think about it but there's really a potential that it will be reached. We're $3,425 as of the moment and it keeps going down, so calculating the few bucks away there's a chance.

I saw the market conidisi kept red, without green. At the beginning of 2019, there seems to be no sign of a change in a better direction. What do you think about this? Please give opinions that are simple but easy to understand. Thank you!

I'm still good with it which means just because that the beginning of this year wasn't so good the end of the year won't be good too. Just give it time and let the market go on its own. There's more space and time for this year to recover.

I also don't want to go too far thinking about the price of bitcoin which continues to decline, but this is a real situation. And I don't know when this condition will continue. Indeed, currently prices are still above $ 3400, but are more likely to decline.

[Herbert2020]

Please give opinions that are simple but easy to understand. Thank you!

We are in Speculation section, expect all speculative statements here as "speculation".

maybe i am being too harsh but i say there is a clear distinction between "speculation" and "guesswork".
we can only call something "speculation" if it is actually speculating something based on at least some amount of analysis and is based on at least a couple of facts. the analysis can be technical or fundamental.
but when people start throwing random numbers at each other and make guesses that should not be called "speculation". although it is the most common around these parts.

[Dodoymabs]

You will find it difficult to predict the market, it can be further down or moving forward, with these bad conditions don't expect too much in the near term, because recovery will take a long time.

Definitely right, it's difficult to predict the future value but I think this will have a better hope because some countries are already adopting the technology which is not bad at all. The only thing that makes us worry is the decline but as what the majority says, BTC is good for a long term investment. This is how it behaves and it's up to us on how to handle the pressure.

[Harlot]

It's only consolidating now so it doesn't show any signs of continuing on going down or will go up so I doubt that even if we are staying at a low price it shows signs that it will once again go down. Remember consolidation is only a sign that it will make or break Bitcoin but it doesn't show it on being a side on with the bears, the same can be said even if the consolidation happened in a bullish market. So the only thing we can do now is to observe signs of whether BTC will side with the bulls or with the bears.